This recent activity was about the importance of financial awareness and how to save money and what kinds of savings are there. Students learnt a lot through this activity and were able to gain huge awareness which surely they would spread amongst their family members. The students were also given small piggy banks and were told to save any extra change in the piggy banks.
The students learnt about how banks work and how they keep our money safe. The students were eager to learn how banks are able to give loans to people. Students also learnt that if you keep your money saved in the bank for a certain period the banks gives a percentage of profit which the student interpreted as ‘Prize Money’. The students also learned how people put small amounts of money from their salary into pension accounts which they are able to use once they retire.
The students understood the importance of saving money and how essential it is not to spend everything but also to keep money for various situations in the future or in case of any emergency. Many students were unaware of banks and other financial information such as retirement fund etc. Students were discussing amongst themselves on how they are going to guide their parents to save money and how when they start working they are going to save money in order to buy things they like and for the future.
